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Apr 18, 2013
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and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> the problem for the stock market is a simple one. the market has been in an uptrend all year. now we've had two big down days, two days for selling on heavy volume. that's a question whether there is still an uptrend in the market. trend followers are an important part of the market. if they determine there's no more upside to the market, the uptrend could become a downtrend. for "the nightly business report," the new york stock exchange. >> the federal reserve remains steady and upbeat. moderate growth in all 12 of its banking regions over the past 6 weeks with the overall economy getting a big boost from housing and strong auto sales. the central bank also said the economy performed better during march and week's jobs report and the dip in retail sales would indicate. >> but that report didn't do much to boost confidence today. the
and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> the problem for the stock market is a simple one. the market has been in an uptrend all year. now we've had two big down days, two days for selling on heavy volume. that's a question whether there is still an uptrend in the market....
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Apr 18, 2013
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all 10 s&p sectors lower with technology and financial seeing the biggest declines. the dow still fell by 138 points, closing the day at 14,618. the s&p 500 was down 22 and the nasdaq down by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production of iphones and ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the floor of the new york stock exchange. >> reporter: it was another whip saw day that started ugly right off the bat. the problem is that key commodities like copper, aluminum and nickel were again dropping at essentially 52-week lows, all on concerns about slowing global growth. key commodities hit 52-week lows as well. and while commodity stocks like materials and energy suffered, there were also notable decline in industrials and in financials like bank of america which missed earnings estimates. and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing
all 10 s&p sectors lower with technology and financial seeing the biggest declines. the dow still fell by 138 points, closing the day at 14,618. the s&p 500 was down 22 and the nasdaq down by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production of iphones and ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the...
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Apr 23, 2013
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in the internet age with technology, that can be done. as far as what is being collected online already, for those companies who are already present every wrrks they are collectioning and have been collecting. but eelectronic retail means there are not the same borders anymore. the corner store that does not get an exemption from sales tax is competing with the ones that do. it is about more robust competition. >> what about the argument this the online retailer has an unfair advantage. and as you pointed out, many of the companies are collecting and remitting sales tax, why shouldn't all of them do it? >> every place you have a physical presence, you have to collect. as far as main street being at a disadvantage, look at states like pennsylvania, texas, and new york. when amazon.com began to collect sales tax. there was not a rush of customers from amazon to the main street. reason? >> they do not buy online to avoid sales tax, they buy online for lower prices, choices and convenience. the internet is here to stay. and businesses turn to
in the internet age with technology, that can be done. as far as what is being collected online already, for those companies who are already present every wrrks they are collectioning and have been collecting. but eelectronic retail means there are not the same borders anymore. the corner store that does not get an exemption from sales tax is competing with the ones that do. it is about more robust competition. >> what about the argument this the online retailer has an unfair advantage....
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Apr 19, 2013
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companies, technology earnings. and there are so many changes happening in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a broken company, so to speak. what is it, shook, that defines what makes a winner in the technology space versus an also ran? >> absolutely. going back to the apple story, i think the company's meteoric stock rise from its mid-peak to $700 i think reflected disruptive in cycle both in terms of price and unit so the company came in anded tablet market, reor of significant value in the smartphone segment. and i think the company has been able to right that cycle, but now, of course, it's on the other side of that mountain, so to speak. so over $200 billion of market cap has been removed. and so the company is looking forward, our best position, as you pointed out, in this undergoing transformation of the technology value chain, our position at the nexus or the intersection of -- in a consumer or cloud, the informat
companies, technology earnings. and there are so many changes happening in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a broken company, so to speak. what is it, shook, that defines what makes a winner in the technology space versus an also ran? >> absolutely. going back to the apple story, i think the company's meteoric stock rise from its mid-peak to $700 i think reflected disruptive in cycle both in...
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Apr 17, 2013
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i know we are going to mobile technology. but will there be a day when we we do not have pcs and who is better positioned in that regard, intel or yahoo? >> in that regard, yahoo is better positioned. i think it's an exaggeration to say we will not use pcs. but we will use them for more narrow application. at home, pulling out the smartphone to check on video and news, will be what we pull out. yahoo has a better chance to make the transition. and intel is establishing themselves into a new realm. >> i want ask you about apple. you heard the report on it everyone is looking to the earnings report next week. i know that you are a believer in apple. but make a case, why investor who is have lost some faith in this company should take a fresh look at apple? >> well, we all love apple products. the customer that you interviewed, sounds like my house at home. we have macs and ipads and the products are very intuitive. they have a great software eco system, we have come to expect innovation from apple and i think we will continue t
i know we are going to mobile technology. but will there be a day when we we do not have pcs and who is better positioned in that regard, intel or yahoo? >> in that regard, yahoo is better positioned. i think it's an exaggeration to say we will not use pcs. but we will use them for more narrow application. at home, pulling out the smartphone to check on video and news, will be what we pull out. yahoo has a better chance to make the transition. and intel is establishing themselves into a...
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Apr 19, 2013
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a big night for technology as google, microsoft and ibm report earnings. we'll look at the winners and the losers. >>> stockside sl again. mixed earnings and a bch economic numbers that missed projections drag down the major indexes. >> china's chief labor --well at lea that was the but as costs rise,re u.smaurerst pulling out? all that and more tonight on the "nightly business report" for this thursday, april the 18th. good evening, everybody, and welcome. i'm bill griffeth in this week for tyler mathisen. suzy, it's clear that technology is going to set the tone for tomorrow, don't you think? >> three big tech names in the news tonight, google, microsoft and ibm. three huge technology companies all reporting latest quarterly earnings after the bell tonight with mixed results. the results are important given new concerns about slowing global economic growth. and a sharp decline in the sales of personal computers this year. the report set up a flurry of activity in after-hours trading as the direction of all three companies will impact countless other tech
a big night for technology as google, microsoft and ibm report earnings. we'll look at the winners and the losers. >>> stockside sl again. mixed earnings and a bch economic numbers that missed projections drag down the major indexes. >> china's chief labor --well at lea that was the but as costs rise,re u.smaurerst pulling out? all that and more tonight on the "nightly business report" for this thursday, april the 18th. good evening, everybody, and welcome. i'm bill...
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Apr 20, 2013
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potentially. >> oh, you would get into technology? you see bargains because they've been so beaten down over the last couple of weeks? >> yeah. i think the valuation differential is so stretched at this point, you find a lot of the big stable consumer staples companies trading at 20 times earnings, where you see a lot of the technology companies trading 10 times earnings. so about half the valuation. and we do think there is some good value there as the economy does improve. we think that's a better stunt. >> i want to ask you about economic numbers. next week we are getting economic numbers on housing. and also we're going to get a sense of how the economy grew in the first quarter with that gross domestic product gdp number coming out. how is that going to impact action next week do you think? >> i think the components and the mix of gdp growth are going to be very important. what we saw in the fourth quarter of last year was a really big drag in terms of government spending. and that's not likely to repeat here again in the first q
potentially. >> oh, you would get into technology? you see bargains because they've been so beaten down over the last couple of weeks? >> yeah. i think the valuation differential is so stretched at this point, you find a lot of the big stable consumer staples companies trading at 20 times earnings, where you see a lot of the technology companies trading 10 times earnings. so about half the valuation. and we do think there is some good value there as the economy does improve. we...
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Apr 20, 2013
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what are the technologies. can you bring those to china? >> that's where this trade mission has enormous opportunities. >> every ton of garbage creates the greenhouse gasses. we can turn that into clean energy. >> mike hart from davis came on this trip searching for investors. his company turns solid waste into gas and ultimately electricity. the company can turn a ton of garbage into 1,600 kilowatts of power. >> we will have one significant partner as a result of the trip. that could result in several hundred million dollars of construction projects. >> california also stands to benefit from chinese experts. the country is a leading source of car batteries. governor brown who toured one chinese battery and electric car company says california's goal of 1 million electric cars by 2025 won't happen without china. china shows a lot more promise with working with california than washington. >> i find them a lot more advanced than our united states congress. they are mired in mythology and primative thinking. with that kind of power against ren
what are the technologies. can you bring those to china? >> that's where this trade mission has enormous opportunities. >> every ton of garbage creates the greenhouse gasses. we can turn that into clean energy. >> mike hart from davis came on this trip searching for investors. his company turns solid waste into gas and ultimately electricity. the company can turn a ton of garbage into 1,600 kilowatts of power. >> we will have one significant partner as a result of the...
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the world has the technology. the world has the call ent. yet we don't see our sell of-- ourselves as people inhabiting one planet. and in one planet, you cannot have one half or one-third of the people in abject poverty while the rest of the people on that same planet, their lives getting better and better. it's possible for all those who inhabit this planet to get rid of poverty. and that's the greatest challenge of politics today. >> and interesting, there is a new voice making that argue, the new pope. >> if he does. >> rose: well, he has. >> more power to his elbow. i sincerely hope that his voice will carry greater weight, say, than a voice like mine. >> rose: well, thank you for coming, its it is a pleasure to have you again. good to he is yound much success and we look forward to coming to india soon. >> please do. >> rose: thank you for joining us. see you next time. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org >>> this is "nightly business report" with tyler mathisen and suzy g
the world has the technology. the world has the call ent. yet we don't see our sell of-- ourselves as people inhabiting one planet. and in one planet, you cannot have one half or one-third of the people in abject poverty while the rest of the people on that same planet, their lives getting better and better. it's possible for all those who inhabit this planet to get rid of poverty. and that's the greatest challenge of politics today. >> and interesting, there is a new voice making that...
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a big night for technology as google, microsoft and ibm report earnings. we'll look at the winners and the losers. >>> stockside sl again. mixed earnings and a bch economic numbers that missed projections drag down the major indexes. >> china's chief labor
a big night for technology as google, microsoft and ibm report earnings. we'll look at the winners and the losers. >>> stockside sl again. mixed earnings and a bch economic numbers that missed projections drag down the major indexes. >> china's chief labor
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Apr 18, 2013
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supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: rescuers worked in wet weather today to find survivors amid the rubble from the fiery explosion at a texas fertilizer plant last night. late today, authorities acknowledged there were fatalities but declined to confirm how many. earlier estimates ranged from five to 15 though there were reports the toll would go much higher. the cause of the fire and explosion is still not known; officials said today there's no evidence of foul play. a man using his cell phone captured the moment last night when the west fertilizer company plant exploded. that flattened buildings within a five blocks radius andt shockwaves out for miles arod. >> i was actually picked up and thrownbo f i was standing by the end of my bed and then where i landed was by the
supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: rescuers worked in wet weather today to find survivors amid the rubble from the fiery explosion at a texas fertilizer plant last...
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Apr 24, 2013
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a good day for earnings, and most importantly, big, multinational industrial companies like united technologies, ingersoll-rand and illinois toolworks affirm their 2013 earnings guidance and if there were significant signs of an ongoing global spot of it. it may be a little bit below expectations, but we expectest mo of the way through. here's the good news. almost 70% of the company's reporting have been reporting expectations. the only 42% are beating on the top line, on revenues and that's way below the 62%. this has been a problem for several quarters and it means the companies are able to do well on earnings because they become cost-cutting monsters not because they're increasing their revenues and of course, it's good for companies to become more cost efficient, but the lack of revenues and adding to the employment problem. companies are reluctant to hire more people when they're not able to sell anymore. for "nightly business report," i'm bob pisani at the new york stock exchange. >> here now to talk more about those first quarter earnings results and to look forward is christine schwart
a good day for earnings, and most importantly, big, multinational industrial companies like united technologies, ingersoll-rand and illinois toolworks affirm their 2013 earnings guidance and if there were significant signs of an ongoing global spot of it. it may be a little bit below expectations, but we expectest mo of the way through. here's the good news. almost 70% of the company's reporting have been reporting expectations. the only 42% are beating on the top line, on revenues and that's...
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Apr 16, 2013
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you're looking at what is going to enable the technology to get to the most patients the quickest and the most reliably. frankly myriad has done a great job of doing that because there are more people who have gotten this test than i think would have gotten it otherwise more consistently and more reliably than if it had been scattered among hundreds of thousands of individual research labs. >> brown: ellen, address that specifically. that claim has been put out there that scholarly work has hardly been stopped. there's been plenty of research done. i mean studies of the research done on this. >> i think those of us in the know will tell you that this has had a chilling effect on research and not as much research has been able to be done. one company has had a monopoly on this testing. for companies and laboratories that wanted to find better ways to look for mutations, faster ways, less expensive ways, they've been stopped. yes, myriad has done a great job of marketing this test to a lot of people because they have a huge financial incentive. but many patients who really didn't need t
you're looking at what is going to enable the technology to get to the most patients the quickest and the most reliably. frankly myriad has done a great job of doing that because there are more people who have gotten this test than i think would have gotten it otherwise more consistently and more reliably than if it had been scattered among hundreds of thousands of individual research labs. >> brown: ellen, address that specifically. that claim has been put out there that scholarly work...